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  • #2,441
  • May 11, 2022 3:43am May 11, 2022 3:43am
Enter at own risk.

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"Don't Shoot Me I'm Only the Piano Player"
  • #2,442
  • May 13, 2022 8:05am May 13, 2022 8:05am
if the market is going to retrace the pandemic gains, then gold could go to the 1680s as the dollar becomes more stronger
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #2,443
  • May 13, 2022 8:36am May 13, 2022 8:36am
Quoting ForexGoose
... gold could go to the 1680s ... {image}
Sure, but seeing DXY at 105 and Gold dip back past 1800 whilst global inflation is raging in double figures, is blowing my mind.
If this can be construed as 'normal market behaviour' then it is simply the big guys flushing the toilet big-time on the little guys.
Hope this correction ends soon - I always equated gold with 'personal freedom' so seeing it get smashed is depressing.
  • #2,444
  • May 13, 2022 9:36am May 13, 2022 9:36am
Quoting PercyJames
{quote} Sure, but seeing DXY at 105 and Gold dip back past 1800 whilst global inflation is raging in double figures, is blowing my mind. If this can be construed as 'normal market behaviour' then it is simply the big guys flushing the toilet big-time on the little guys. Hope this correction ends soon - I always equated gold with 'personal freedom' so seeing it get smashed is depressing.
Not so mind-blowing really, many saw this reality check for the POG coming. GOLD is nothing more than any other traded commodity, except for the fact that it has an almost 'religious' following by many. Anyway, there it is. Also, what exactly is 'normal market behaviour', if you can come up with an answer to that you'll unlock one of the mysteries of the Universe.

Good luck.
"Don't Shoot Me I'm Only the Piano Player"
  • #2,445
  • May 13, 2022 10:34am May 13, 2022 10:34am
Quoting yani38
{quote} ... many saw this reality check ..
That's a fair assessment and yes the flush has been a good reality check for me (to also research shorting strategies).
Don't forget the core difference is central banks do hold this traded commodity as an asset on their balance sheet for whatever reason, religious or not.

re: market action I guess I wanted to see more 'thrust and ease' motion of a healthy market.
Statistically I had not expected to see a near-$200 retracement at this time.
  • #2,446
  • May 13, 2022 2:14pm May 13, 2022 2:14pm
Gold bottomed at $1,799 on Friday, the lowest level since February. A recovery followed later that found resistance quickly at $1,820.
  • #2,447
  • May 14, 2022 3:08am May 14, 2022 3:08am
gold remain rearish for target 1780/1767 target next week , while limits up immediate 1818 , next 1831 ang last 1850 , take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #2,448
  • May 16, 2022 1:04am May 16, 2022 1:04am
j. Who knows, mebbe the lows are being bought, wherever they may be. For the time being 1799.00 last Friday.

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"Don't Shoot Me I'm Only the Piano Player"
  • #2,449
  • May 16, 2022 1:16am May 16, 2022 1:16am
Quoting yani38
j. Who knows, mebbe the lows are being bought, wherever they may be. For the time being 1799.00 last Friday. {image}
may be who knows ! anyway 1817 tested and likely test 1799 to see breakout for 1780 and lows 1768 if ! ok 1790 care too if breaks previous low take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #2,450
  • May 16, 2022 1:45am May 16, 2022 1:45am
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  • #2,451
  • May 16, 2022 2:33am May 16, 2022 2:33am
Just my opinion, the area of 1796 should be able to hold for a slight rebound upwards before fully going down to the 1790 area. Will be checking carefully for those area.

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  • #2,452
  • May 16, 2022 2:56am May 16, 2022 2:56am
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  • #2,453
  • May 16, 2022 6:32am May 16, 2022 6:32am
xauusd entry from the level (level limits 1839.98-1835.75), stop behind the level - 1850.74
tp-1781

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  • #2,454
  • May 16, 2022 9:06am May 16, 2022 9:06am
Today scalps, when market opened.
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Money Maker
  • #2,455
  • May 16, 2022 9:06am May 16, 2022 9:06am
Quoting svidoks
xauusd entry from the level (level limits 1839.98-1835.75), stop behind the level - 1850.74 tp-1781 {image}
My next gold target is 1750.
  • #2,456
  • May 17, 2022 5:46am May 17, 2022 5:46am
Quoting PatienceFx
{image}
hello how are you?...what is your prediction for gold today?..1840 will be touch?
  • #2,457
  • May 17, 2022 7:20am May 17, 2022 7:20am
Quoting ForexGoose
if the market is going to retrace the pandemic gains, then gold could go to the 1680s as the dollar becomes more stronger {image}
i wouldn't buy gold now
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #2,458
  • May 17, 2022 9:34am May 17, 2022 9:34am
Powell will be speaking in 3.5 hours. I believe his speech will spark a rally in USD and result in Gold unfolding and heading below 1800.
  • #2,459
  • May 18, 2022 5:02am May 18, 2022 5:02am
Gold looks to be be experiencing a correction. In my opinion it is waiting an impactful news to push it down past 1800 and if we see it close properly below 1800 we should expect it to short further more.
Sinen
  • #2,460
  • May 18, 2022 7:23am May 18, 2022 7:23am
Quoting Sinen
Gold looks to be be experiencing a correction. In my opinion it is waiting an impactful news to push it down past 1800 and if we see it close properly below 1800 we should expect it to short further more.
that could happen today if the stock market continues to sell-off
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
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